Nairobi: Kenyan startup WorkPay, which builds human resources (HR) and payroll solutions for Africa, has raised US$2.1 million in seed funding to fuel its growth.
WorkPay is a cloud-based human resources management and payroll solution for small and medium-sized businesses (SMBs) in Africa. The startup’s time tracking and salary disbursement tools help African businesses save money and time by eliminating ghost workers from their payroll and inefficiencies associated with cash payments.
Currently, WorkPay processes payrolls for more than 25,000 employees in Kenya and has more than 300 SMBs on its platform, and it is now set for further growth after raising US$2.1 million in funding.
The round is led by Kepple Africa Ventures, which also invested US$100,000 in WorkPay in 2019, and also sees participation from Y Combinator, Soma Capital, Musha Ventures, P1 Ventures, and a number of angel investors.
“This new investment will give us the opportunity to scale our human resource management and payroll processing tools to SMBs and expand to enterprise clients across East Africa. We are fortunate to have the backing of some incredible people on our mission to make it easy for businesses to manage and pay employees across Africa,” said Paul Kimani, chief executive officer (CEO) and co-founder of WorkPay.
